Monday 25 May 2015
 
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Enoc in bid to buy out Dragon Oil’s minority shareholders

Emirates National Oil Co (Enoc) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its ‘f

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Saudi 'may buy nuclear arms from Pakistan'

Saudi Arabia has taken a ‘strategic decision’ to acquire nuclear weapons from Pakistan, senior US officials told the Sunday Times. Sunni Arab states are increasingly concerned over a deal with Iran backed by U

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'BBK keen on buying Islamic banks’

Bank of Bahrain and Kuwait (BBK) is open to acquisitions of Islamic banks provided they offered a feasible business proposition, the bank's chairman Murad Ali Murad has said. Speaking on the sidelines of a combined annual and

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Fosun buys 5pc stake in Thomas Cook for $140m

Chinese conglomerate Fosun International said it bought a five per cent stake in British travel group Thomas Cook Group, deepening its foray into Europe's tourism sector after buying French holiday maker Club Med last month. F

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Qatar Airways buys 9.99pc stake in BA owner

Qatar Airways has bought a 9.99 per cent stake in International Airlines Group, worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Spain's Iberia in the one world alliance

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Tasnee signs $319m loan to buy more stake in Cristal

Saudi Arabia's National Industrialisation Co (Tasnee) signed a SR1.2 billion ($319.4 million) Islamic loan it will use to part-fund buying a further stake in its subsidiary Cristal, the industrial manufacturer said. The five-y

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Egypt buys 60,000 tonnes of wheat from France

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it had bought 60,000 tonnes of wheat from France in a tender for shipment on December 21 to 31. Egypt, the world's biggest state importer

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Kuwait Airways to buy 10 Boeing 777-ER planes

Kuwait Airways has agreed to buy 10 widebody 777-300ER passenger aircraft from manufacturer Boeing to upgrade its fleet, the airline's chairwoman said on Thursday. The deal has a value of $3.3 billion at list price, although a

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Alafco to spend $600m buying aircraft over two years

Kuwait's Aviation Lease & Finance Co (Alafco), a unit of Kuwait Finance House (KFH), plans to spend about $600 million buying 15 new aircraft over the next two years to cover a gap before it receives already-ordered planes in 2017, the c

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Iran buyers buy corn as grain import gathers pace

Private importers in Iran bought 95,000 to 120,000 tonnes of corn in the past few weeks, adding to other recent large grain purchases as the country builds up strategic stocks, trade sources said on Friday. The sources said the co

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